Demand strong on Lower North Shore despite COVID-19 with two $3m terraces selling at WINIM’s ‘The Terraces’ Willoughby

Leading Sydney property developer and fund manager, WINIM has confirmed two luxury, off the plan terraces have sold for approximately $3 million at its luxury boutique project, The Terraces Willoughby – a confident sign price values on Sydney’s Lower North Shore show no signs of waning.

Boasting spectacular interiors over three spacious levels, these luxurious terraces offer spacious three bedroom, three bathroom designs with individual street font entrances, private lifts, open-plan living and dining spaces flowing to north facing back gardens and two car spaces within a private garage or secure basement carpark, over a total 132m2 of internal living.

Positioned on a tranquil, tree-lined street entrance, The Terraces Willoughby comprises a selection of six, three-storey terraces, designed by esteemed architects, Giles Tribe with interiors by Rothelowman and is located at 7-9 Warners Avenue.

WINIM’s Joint Managing Director Justin Kuiters said the sales signify that Sydney’s Lower North Shore remains highly sought after for unique, distinctive, rare product such as three storey, custom-designed terraces.

“Projects located in high demand areas such as Willoughby and the Lower North Shore with strong design credentials are continuing to see genuine interest with buyers not wanting to miss opportunities in this tightly held suburb,” he said.

“With very limited off-the-plan townhouses in Willoughby, we’ve been pleased our project The Terraces Willoughby has been well received by the market, with two of the terraces selling, leaving only four luxury three storey terraces remaining for sale.

“Terraces are now what the ‘four-bedroom trophy home’ once was, with more discerning buyers looking for lower maintenance, better lifestyle options but with all the conveniences of a house – large outdoor entertaining and living areas.

The Terraces Willoughby offers buyers high quality well-sized terrace homes over three levels as well as a basement car park with storage. Homes feature hand-made kitchens, high-level finishes, both north and southerly outdoor aspect and located in the heart of the lower north shore.”

LJ Hooker AVUN sales agent Michael Coombs said both buyers have been local to the area. “Both couples have downsized and are selling their large family homes both on the Mid North Shore to have a low maintenance terrace close in proximity to the CBD.

“They were drawn to the project given its house like proportions, private lifts, storage capacity, north facing yard size and luxurious finishes throughout,” he said.

The Terraces Willoughby is the second of five new boutique residential projects on Sydney’s Lower North Shore being brought to market by WINIM in 2020. WINIM achieved a similar ‘top of market’ or record sale on a three bedroom off the plan penthouse at its OTTO Cremorne project at 53 Gerard Street earlier in May this year.

“WINIM is proud to be a locally-owned and operated company producing high quality homes on the Lower North Shore for buyers seeking quality, new owner-occupier residences,” he said.

“We are committed to delivering superior, boutique projects located in prestige, blue chip communities. We partner with the highest calibre teams of recognised Australian architects, builders and engineers who have extensive track records in local residential and stand by their work. Our litmus test is we develop homes that we ourselves would want to buy and live in.”

More Than A Townhouse

‘The Terraces’ Willoughby has been designed as a luxury three-storey development adding quality and value to the convenient precinct in which it sits.

A basement level has been lowered into the level site and an upper master suite level is generously set back to minimise impact on neighbouring properties and the streetscape.

From the street, it appears as a series of six contemporary, three-storey terrace buildings, each with an individual street address, set back at street level and ribboned along Warners Avenue in a single line. Generous north-facing backyards compliment south-facing front retreat courtyards, to maximise light and ventilation.

Outdoor areas both front and rear extend living options, with decks to the street for maximum aspect and large rear landscaped gardens speaking of old-school family backyards, barbecues and cricket on Sunday afternoons.

Other features include underground secure parking for up to two cars, direct and private lift access from your basement to all terrace living levels. All bedrooms include ensuites while the top level master suite offers sweeping elevated district views, Miele appliances and custom joinery throughout.

Interior design schemes draw queues from a Nordic inspired colour palette and offer an open plan flow through from living room, kitchen and dining room with the opportunity to secure a multi-purpose room. Options include extra storage or a wrap-around outdoor area over 190m2, as well as other upgrade options to suit buyer’s requirements.

Pricing starts from $2,675,000 for the remaining four mid-row terraces which includes a secure double garage. Family Friendly
Ten minutes and 6.5km north of Sydney’s CBD, Willoughby is a suburb renowned for high demand and low supply, particularly of terrace style residences.

Express transport options offer easy access to Sydney’s CBD, the northern beaches, local business parks and shopping centres. A selection of highly regarded, well-performing schools, nearby parks and recreation facilities and playgrounds make it an attractive destination for families and children, professionals and singles of increasingly diverse backgrounds.